Canada Mining News

Centerra scraps dividends, gets Turkish project financing facility extended

Shares fell after the miner said it would suspend dividends until further notice, due to current restrictions to funds held at its Kyrgyz Republic subsidiary, Kumtor Gold.

Fresh shake-up at Rio Tinto in aftermath of bribery probe

Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.

Cenovus resuming Christina Lake oil sands expansion, boosts capex

Construction of the 50,000-barrel-a-day expansion will begin in the first half of 2017, the company said.

Trump could fuel a nuclear energy boom in 2017

For the vast untapped potential of the nuclear energy industry and the uranium that feeds it, this could contribute to a market-disrupting revival that no longer bows to fear and the politics of economy.

Risk of potential oil tanker spill ‘close to zero' — experts

Pipeline ruptures, bunker fuel spills pose a greater risk than a major oil tanker spill, they say.

Capital allocation: Canadian miners' top priority for 2017

With fluctuating commodity prices, the top priorities for Canadian miners next year will be capital allocation, strategic deal making and employing new technology and innovations, a report shows.

Global rough diamond production about to reach its peak

Global rough diamond production will reach its peak in only three years before entering into a supply deficit by 2020, two separate reports show.

Rio Tinto says halt of copper shipments from Oyu Tolgoi ‘a bump in the road’

Chief executive Jean-Sebastian Jacques comments come as the company had to suspend shipments from the Mongolian mine last week.

Oil sands/US waterways at risk of spills ­ NRDC: Canadian tanker scheme puts US coasts, key rivers in real danger

A flood of dirty oil and possible damaging spills in the Atlantic, Pacific and Mississippi River threatens iconic species, tourism and communities; also would increase climate pollution double Keystone XL’s.

Main contractor on Shell LNG Canada project cancels bidding

CFSW LNG Constructors – a consortium of four major engineering and construction firms and the lead contractor for LNG Canada – has cancelled the bidding process for the project.

Barrick Gold brings in new director to regain strength in Latin America

The gold producer said the region will play an increasingly important role in its growth strategy.

Chinese-Korean group to build $2 billion lithium batteries plant in Chile

Based on the conglomerate's estimates, opening such plant would increase value of the product 35 times, comparing to what it could be obtained by just selling it as lithium carbonate.

De Beers facing legal action over mercury monitoring at Victor mine

Suit claims company failed to report mercury levels at five of nine water monitoring stations near Victor mine.

Gold’s slim price recovery this year boosts supply fears

Situation has worsened as a result of a shortage of new discoveries, cost cutting measures and miners digging out higher-grade material for a short-term gain, say experts.

Montney in high gear despite market uncertainty

Flux in gas demand, delay in Petronas decision among clouds on B.C. northeast’s horizon.

Brazil Resources is now GoldMining Inc.

Board of directors has approved the change effective December 6, 2016, in order to better reflect the company's existing business.

Yukon's Minto mine looks to bring back laid off workers

A recent bump in the price of copper has Yukon's only operating mine looking to bring back some laid-off workers.

Barrick announces final results and settlement of $650 million debt tender offer

Barrick Gold Corporation announced today the final results and settlement of its $650 million cash tender offer for specified series of outstanding notes. The terms and conditions of the Tender Offer were described in an offer to purchase and the related letter of transmittal, each dated November 2, 2016.

Juniors crashed by gold slump

The junior gold miners’ and explorers’ stocks have been crushed in recent months, collateral damage from enormous gold-futures selling.

Rodent bait from oil sands poisoning animals commonly trapped in Alberta

Companies respond by banning rodent poison.

Canada’s Zonte sues Colombia authorities over gold permit rejection

The junior miner claims the mining authority did not process its exploration application in accordance with the country’s mining code.

Study: Private capital investment in US coal is over

At over $43 billion, 2016 is set to be a record year for raising capital to invest in North America's energy sector, but not a single fund is targeting coal.

Canada's Diavik mine axes 51 jobs

Company says it was forced to lay off employees from across the business given "current market conditions."

Canadian mining company in London targeted by protesters over EU-Canada trade deal

Last night activists obliterated the words ‘democracy’, ‘environment’ and ‘justice’ with gold spray paint outside the offices of a Canadian mining company, in a protest designed to draw attention to the corporate court system being proposed under the EU-Canada trade deal, CETA.

Trudeau approves Trans Mountain pipeline, kills Northern Gateway

Trudeau approves Trans Mountain and Line 3 replacement project, rejects Northern Gateway.